UPDATE 2-Australia's Fortescue latest to slash spending as iron ore plunges

Sep 3, 2012 Full story: Reuters

Australia's Fortescue Metals Group Ltd said it will slash capital spending and wind back its expansion plans, the latest iron ore miner to drop big-ticket projects in the face of weaker demand from China and tumbling prices.

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Since: Dec 10

Perth, Australia

#1 Sep 4, 2012
And they say it isn't the fault of the carbon tax, and that may be the case but when things get tough another tax only makes them tougher?

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